The rebranded Terra Luna token has surged double-digit with record inflows. Binance’s Terra LUNA airdrop distribution to LUNC holders could be behind the gains. LUNC – the original crypto of Terra Luna – jumped 16% on Dec.27 to an intraday high of $0.0001848, beating Bitcoin to become the top performer in the festive season. On the other hand, the flagship […]

In this week’s newsletter, read about investment giant Fidelity planning to enter the nonfungible token (NFT) space and how Italy’s NFT market will grow. Check out how North Korean hackers use phishing websites to target NFT holders and listen to a conversation with Crypto Raiders in the NFT Steez podcast. And, don’t forget this week’s Nifty News featuring Japanese gaming […]

The Ripple and SEC case continues to take new turns as it approaches settlement. Crypto-focused investment firm Paradigm Operations LP’s application to join the case as an amicus curiae has gotten further backing from an interested attorney. Lewis Rinaudo Cohen, the co-founder of blockchain-focused law firm DLx Law LLP, has filed a motion to appear as ‘pro hac vice’ on […]

According to a report published by local news outlet Sina News on Dec 28, China will launch its first regulated platform for nonfungible tokens (NFT) trading on Jan 1, 2023. The entity, which acts as a secondary market for the exchange of NFTs, was created by the state-owned Chinese Technology Exchange, the state-owned Art Exhibitions China, and Huban Digital Copyrights […]

Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis. Canaan’s total revenue for the first nine months of 2022 was roughly 4 billion Chinese yuan (RMB), or about $573 million, a spokesperson for Canaan told Cointelegraph. As the firm expects to generate another 310 million RMB ($46 million) in Q4, the […]

Custodial CeDeFi investment platform Midas will close down its operations because of a $63.3 million deficit in its decentralized finance (DeFi) portfolio.  In an announcement, the company’s founder and CEO Iakov Levin also known as “Trevor” wrote that the move is partly because the fund’s DeFi portfolio lost $50 million, which is 20% of its $250 million assets under management […]

The price of Cardano (ADA) is falling, but the downtrend has slowed as the altcoin has been trading above $0.25 since December 19. Cardano price long-term forecasts: bearish The altcoin was trading between $0.25 and $0.30 last week. The 21-day line SMA is currently limiting the upside. The cryptocurrency asset is trading in a tight range as it faces rejection […]